{"id":2491,"date":"2024-03-13T09:33:22","date_gmt":"2024-03-13T08:33:22","guid":{"rendered":"https:\/\/www.proprism.com\/?p=2491"},"modified":"2024-03-13T09:33:22","modified_gmt":"2024-03-13T08:33:22","slug":"5-challenges-in-managing-project-portfolios","status":"publish","type":"post","link":"https:\/\/www.proprism.com\/en\/5-challenges-in-managing-project-portfolios\/","title":{"rendered":"5 challenges in managing project portfolios"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2491\" class=\"elementor elementor-2491\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-35d499a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"35d499a\" data-element_type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[],&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5ddad5f\" data-id=\"5ddad5f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4cd2e56 elementor-widget elementor-widget-text-editor\" data-id=\"4cd2e56\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.16.0 - 20-09-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a04d532 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a04d532\" data-element_type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[],&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b698eb2\" data-id=\"b698eb2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-672f54c elementor-widget elementor-widget-text-editor\" data-id=\"672f54c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Project portfolio management involves managing several projects simultaneously within a single organisation. The intention is to achieve the objectives set by the company. The project portfolio enables all projects to be centralised, optimising the use of human, material and financial resources.<\/p><p>Generally carried out by the Project Management Office (PMO), project portfolio management also provides a framework for each project and gives them greater visibility.<\/p><p>However, managing a portfolio of multiple projects can be complex, requiring a high degree of adaptability. Below, we will look at the challenges involved in this type of project portfolio management and, above all, how to overcome them.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a44c1c3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a44c1c3\" data-element_type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[],&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f781dcd\" data-id=\"f781dcd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b8ff877 elementor-widget elementor-widget-heading\" data-id=\"b8ff877\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.16.0 - 20-09-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">Challenge 1: Prioritising the various projects<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-181c381 elementor-widget elementor-widget-text-editor\" data-id=\"181c381\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Each project is different in terms of size, complexity and activity, and responds to specific needs and requirements. As a result, the prioritisation of different projects can quickly become complex as they compete with each other.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6c086e4 elementor-widget elementor-widget-heading\" data-id=\"6c086e4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">How can we meet this challenge? <\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dfc6eb2 elementor-widget elementor-widget-text-editor\" data-id=\"dfc6eb2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Adopt clear criteria for prioritising projects. We need to take into account:<\/p><p><strong>Alignment with strategic objectives<\/strong>: Assess the contribution of each project to the organisation&#8217;s strategic objectives. Projects that are more closely aligned with the company&#8217;s vision and mission can be prioritised.<\/p><p><strong>Risk assessment<\/strong>: Consider the risks inherent in each project. Projects with controlled risk or with clearly defined mitigation strategies can be ranked higher in the hierarchy.<\/p><p><strong>Added value for the organisation<\/strong>: Assess the potential added value of each project for the organisation. Some projects can bring tangible benefits such as financial gains, enhanced reputation or customer expansion.<\/p><p><strong>Return on investment (ROI)<\/strong>: Analyse the potential of each project to deliver a positive return on investment. The most profitable projects can be given priority, especially if they contribute significantly to the organisation&#8217;s financial objectives.<\/p><p><strong>Availability of resources<\/strong>: Consider the availability of resources required for each project. Prioritisation must take into account whether the organisation has the skills, time and funding required to complete each project.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-41f2edd elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"41f2edd\" data-element_type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[],&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-78c9981\" data-id=\"78c9981\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6cc1181 elementor-widget elementor-widget-heading\" data-id=\"6cc1181\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Challenge 2: Availability and allocation of resources<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fe4ae91 elementor-widget elementor-widget-text-editor\" data-id=\"fe4ae91\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The success of each project within a portfolio depends largely on the availability of the necessary resources. These resources include not only financial and material aspects, but also appropriate human skills. Effective management of these resources is crucial to ensuring that each project achieves its objectives on time and to the required quality.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9c34626 elementor-widget elementor-widget-heading\" data-id=\"9c34626\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">How can we meet this challenge? <\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-24ef7a1 elementor-widget elementor-widget-text-editor\" data-id=\"24ef7a1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Draw up a list of the resources needed and, essentially, those available to carry out the project. Once the list has been drawn up, it is also necessary to assess the workload so that resources and tasks can be allocated appropriately to the right people. Project management software can allocate these resources to one or more project participants who appear to be the most competent to use them during the activities.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fd6ce48 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fd6ce48\" data-element_type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[],&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-faf78e2\" data-id=\"faf78e2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c3d0f9b elementor-widget elementor-widget-heading\" data-id=\"c3d0f9b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Challenge 3: Limiting risks <\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2fe8d76 elementor-widget elementor-widget-text-editor\" data-id=\"2fe8d76\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Every project involves potential risks. When it comes to managing a portfolio of multiple projects, the complexity of the risks increases considerably. These risks can be of various kinds, such as financial, legal, operational or strategic, and can emanate from both internal and external factors. Managing these risks is therefore a major concern for the overall success of the portfolio.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4baab33 elementor-widget elementor-widget-heading\" data-id=\"4baab33\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">How can we meet this challenge? <\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-06ba002 elementor-widget elementor-widget-text-editor\" data-id=\"06ba002\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>To avoid exposing the organisation to risk, it is essential to undertake an optimal 4-step <a href=\"https:\/\/www.proprism.com\/en\/what-is-risk-management\/\">risk management<\/a> strategy, namely risk identification, risk assessment, risk management, and risk monitoring. These various steps will make it possible to adopt risk mitigation and avoidance strategies.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5d907f8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5d907f8\" data-element_type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[],&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e7c0c0f\" data-id=\"e7c0c0f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-443304d elementor-widget elementor-widget-heading\" data-id=\"443304d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Challenge number 4: Maintaining fluid communication <\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d508698 elementor-widget elementor-widget-text-editor\" data-id=\"d508698\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Managing a portfolio of multiple projects involves close coordination between various players, such as the Project Management Office (PMO), <a href=\"https:\/\/www.proprism.com\/en\/difference-between-project-control-and-project-management\/\">project managers<\/a>, project teams, stakeholders, customers, etc. Most of these players may be involved in several projects at the same time. That is why it is crucial to maintain fluid and transparent communication to ensure the coherence and overall success of the portfolio.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-14e5951 elementor-widget elementor-widget-heading\" data-id=\"14e5951\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">How can we meet this challenge? <\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f8f4e7b elementor-widget elementor-widget-text-editor\" data-id=\"f8f4e7b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>A number of actions can be put in place, such as drawing up a detailed communication plan and using collaborative tools such as project management software and shared workspaces. Organise regular meetings to take stock of each project (and possibly review the order of priorities). In general, encourage discussion with your employees in a healthy and attentive working environment.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-20f54c1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"20f54c1\" data-element_type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[],&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-88bfa0c\" data-id=\"88bfa0c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-786152a elementor-widget elementor-widget-heading\" data-id=\"786152a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Challenge number 5: Managing data<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7c36f7b elementor-widget elementor-widget-text-editor\" data-id=\"7c36f7b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>It is important not to lose sight of <a href=\"https:\/\/www.proprism.com\/en\/services\/project-planning-and-monitoring\/\">project monitoring<\/a> when managing a portfolio of multiple projects, and to analyse their results as you go. Monitoring the progress of each project, analysing the results and gathering relevant information are crucial to informed decision-making.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9d4d0f0 elementor-widget elementor-widget-heading\" data-id=\"9d4d0f0\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">How can we meet this challenge? <\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-01cf8e5 elementor-widget elementor-widget-text-editor\" data-id=\"01cf8e5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>It is essential to collect data throughout the project lifecycle, including problems encountered, solutions found, objectives achieved or not, etc. Key performance indicators (KPIs) must also be established, in line with the organisation&#8217;s objectives and enabling the performance of each project to be measured in concrete terms. Using dashboards and presenting important data in summary form is also very practical. They make it easier to quickly understand the situation of each project and of the portfolio as a whole.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-aa17779 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"aa17779\" data-element_type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[],&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d33b359\" data-id=\"d33b359\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7c9c947 elementor-widget elementor-widget-heading\" data-id=\"7c9c947\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Conclusions <\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6f3e926 elementor-widget elementor-widget-text-editor\" data-id=\"6f3e926\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Managing a portfolio of multiple projects is a complex challenge for organisations seeking to achieve their strategic objectives. Although this approach offers centralisation of projects and optimisation of resources, it requires a high degree of adaptability to overcome the inherent challenges.<\/p><p>Implementing these solutions requires a combination of good project management practices, the use of appropriate technological tools, and an organisational culture focused on collaboration and adaptability. By addressing these challenges, organisations can turn the complexity of multiple project portfolios into an opportunity for continuous improvement and organisational success. Proactive, integrated management of these aspects will optimise operational efficiency and ensure the successful achievement of the objectives set by the company.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-257c1c4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"257c1c4\" data-element_type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[],&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b3938e2\" data-id=\"b3938e2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-11f5617 elementor-widget elementor-widget-heading\" data-id=\"11f5617\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Choosing PROPRISM to ensure controls of your projects<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ca28500 elementor-widget elementor-widget-text-editor\" data-id=\"ca28500\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p style=\"font-weight: 400;\">PROPRISM deploys its expertise in <a href=\"https:\/\/www.proprism.com\/en\/services\/\">Project Controls<\/a> to offer you solutions tailored to the management and control of your projects. We have a team of experts capable of improving the quality of your projects, promoting productivity and strategic alignment, as well as reducing costs and ensuring deadlines. PROPRISM operates in the pharmaceutical, marine, construction, engineering, transport and infrastructure, and chemical industries.<\/p><p style=\"font-weight: 400;\">Our experts play a key role in the success of your projects. Their experience is employed to ensure that resources are properly allocated and that budget forecasts are adhered to. Using agile methods and project management tools that encourage adaptability and responsiveness to change, they encourage improvement and productivity in project management. PROPRISM also plays an essential role in providing advice and assistance, and supports your teams throughout the project life cycle with ongoing training. We also ensure coordination and motivation throughout the project to guarantee its success. <strong>Thanks to our solid expertise and essential teamwork, we can work with you to make your projects successful.<\/strong><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-888d6bf elementor-mobile-align-center elementor-widget elementor-widget-button\" data-id=\"888d6bf\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"\/en\/contact\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Contact us<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fc41b1c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fc41b1c\" data-element_type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[],&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f286bb8\" data-id=\"f286bb8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-f08f145 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f08f145\" data-element_type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[],&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-fdf3ba7\" data-id=\"fdf3ba7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-a083eed\" data-id=\"a083eed\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Project portfolio management involves managing several projects simultaneously within a single organisation. The intention is to achieve the objectives set by the company. The project portfolio enables all projects to be centralised, optimising the use of human, material and financial resources. Generally carried out by the Project Management Office (PMO), project portfolio management also provides [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2489,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"footnotes":""},"categories":[81,91],"tags":[],"class_list":["post-2491","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pmo-3","category-project-controls-2"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>5 challenges in managing project portfolios - Proprism<\/title>\n<meta name=\"description\" content=\"Managing a portfolio of multiple projects is a complex challenge for organisations seeking to achieve their strategic objectives.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.proprism.com\/en\/5-challenges-in-managing-project-portfolios\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"5 challenges in managing project portfolios - 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